Victory Capital Management Inc. Boosts Position in Unifi, Inc. (UFI)

Victory Capital Management Inc. boosted its stake in shares of Unifi, Inc. (NYSE:UFI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,093,908 shares of the textile maker’s stock after buying an additional 71,626 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Unifi worth $39,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. LSV Asset Management grew its position in Unifi by 9.2% during the fourth quarter. LSV Asset Management now owns 516,241 shares of the textile maker’s stock valued at $18,517,000 after buying an additional 43,300 shares during the period. Strs Ohio bought a new position in Unifi during the fourth quarter valued at about $125,000. Schwab Charles Investment Management Inc. grew its position in Unifi by 6.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 152,996 shares of the textile maker’s stock valued at $5,488,000 after buying an additional 8,612 shares during the period. GSA Capital Partners LLP grew its position in Unifi by 58.6% during the third quarter. GSA Capital Partners LLP now owns 76,218 shares of the textile maker’s stock valued at $2,716,000 after buying an additional 28,167 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in Unifi during the third quarter valued at about $258,000. Institutional investors own 78.22% of the company’s stock.

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Unifi, Inc. (NYSE:UFI) opened at $34.58 on Friday. The company has a current ratio of 3.91, a quick ratio of 2.18 and a debt-to-equity ratio of 0.30. The firm has a market cap of $656.70, a PE ratio of 18.60 and a beta of 0.79. Unifi, Inc. has a 1 year low of $26.36 and a 1 year high of $39.21.

Unifi (NYSE:UFI) last issued its earnings results on Thursday, January 25th. The textile maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $167.50 million during the quarter, compared to analyst estimates of $159.17 million. Unifi had a net margin of 5.97% and a return on equity of 9.72%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. sell-side analysts expect that Unifi, Inc. will post 1.95 EPS for the current fiscal year.

Several research firms recently weighed in on UFI. ValuEngine upgraded shares of Unifi from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Unifi from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.

In other Unifi news, Director Robert J. Bishop bought 29,329 shares of the business’s stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $35.22 per share, for a total transaction of $1,032,967.38. Following the completion of the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at $362,343.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Bishop bought 13,329 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $35.30 per share, with a total value of $470,513.70. Following the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at $363,166.40. The disclosure for this purchase can be found here. Insiders have acquired 48,400 shares of company stock valued at $1,713,236 in the last quarter. Company insiders own 15.40% of the company’s stock.

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